{"product_id":"executive-compensations-package-and-stock-splits-von-robbert-broens","title":"Executive compensations package and stock splits","description":"\u003cp\u003eAre managers more inclined to split their shares if  they stand to personally benefit from them? The  greater the variable compensation in the  remuneration package, i.e., the more a compensation  package represents a ¿call¿ option on the stock; the  more inclined CEOs are to split the firms'' shares.  Accompanied by the increase in stock price and  volatility subsequent to a stock split, CEOs can  increase the value of their option packages by  splitting the firm''s shares as it sends a credible  signal to the market. By focusing on stock option  exercise behaviour of CEOs I provide initial  evidence that executives use the stock split to time  option exercises.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844305197\"\u003e\u003ch3\u003eAre managers more inclined to split their shares if they stand to personally benefit from it?\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844305197","offer_id":39495974518877,"sku":"9783844305197","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/892fe185-5f3b-4868-ac3b-5681dde16a6e.jpg?v=1776496477","url":"https:\/\/shop.autorenwelt.de\/en\/products\/executive-compensations-package-and-stock-splits-von-robbert-broens","provider":"Autorenwelt Shop","version":"1.0","type":"link"}